Equinor ASA (EQNR) Stock Price, News & Analysis

Company Overview

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments. The company also transports, processes, manufactures, markets, and trades in oil and gas commodities, such as crude and condensate products, gas liquids, natural gas, and liquefied natural gas; trades in power and emissions; operates refineries, terminals and processing, and power plants; and develops low carbon solutions for oil and gas. In addition, it develops carbon capture and storage projects; provides transportation solutions, including pipelines, shipping, trucking, and rail; and develops and explores for renewable energy, such as offshore wind, green hydrogen, and solar power. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway.

Key Stats

• Today's Range: $24.32 to $24.76
• 50-Day Range: $22.46 to $27.13
• 52-Week Range: $22.15 to $33.24
• Volume: 3.58 million shs
• Average Volume: 5.20 million shs
• Market Capitalization: $68.90 billion
• P/E Ratio: 7.57
• Dividend Yield: 4.74%
• Price Target: $26.90
• Consensus Rating: Hold

Equinor ASA Stock Analysis - MarketRank™

Equinor ASA scored higher than 28% of companies evaluated by MarketBeat, and ranked 188th out of 266 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Equinor ASA has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 6 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Equinor ASA has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -7.25%

Earnings Growth

Earnings for Equinor ASA are expected to decrease by -7.25% in the coming year, from $3.31 to $3.07 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Equinor ASA is 7.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.68.

Price to Earnings Ratio vs. Sector

The P/E ratio of Equinor ASA is 7.57, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 11.54.

Price to Earnings Growth Ratio

Equinor ASA has a PEG Ratio of 5.41. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Equinor ASA has a P/B Ratio of 1.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.39% of the float of Equinor ASA has been sold short.

Short Interest Ratio / Days to Cover

Equinor ASA has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Equinor ASA has recently increased by 6.53%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Equinor ASA is a leading dividend payer. It pays a dividend yield of 4.70%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Equinor ASA does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Equinor ASA is 35.89%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Equinor ASA will have a dividend payout ratio of 38.11% next year. This indicates that Equinor ASA will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.39% of the float of Equinor ASA has been sold short.

Short Interest Ratio / Days to Cover

Equinor ASA has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Equinor ASA has recently increased by 6.53%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.42

News Sentiment

Equinor ASA has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 21 news articles for Equinor ASA this week, compared to 8 articles on an average week.

Search Interest

Only 6 people have searched for EQNR on MarketBeat in the last 30 days. This is a decrease of -68% compared to the previous 30 days.

MarketBeat Follows

7 people have added Equinor ASA to their MarketBeat watchlist in the last 30 days. This is an increase of 17% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Equinor ASA insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.01% of the stock of Equinor ASA is held by insiders.

Percentage Held by Institutions

Only 5.51% of the stock of Equinor ASA is held by institutions.

EQNR Stock Analysis - Frequently Asked Questions

How have EQNR shares performed this year?

Equinor ASA's stock was trading at $31.64 on January 1st, 2024. Since then, EQNR shares have decreased by 22.0% and is now trading at $24.67.
View the best growth stocks for 2024 here.

How were Equinor ASA's earnings last quarter?

Equinor ASA (NYSE:EQNR) announced its earnings results on Thursday, October, 24th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. The firm earned $25.45 billion during the quarter, compared to the consensus estimate of $24.45 billion. Equinor ASA had a trailing twelve-month return on equity of 19.97% and a net margin of 8.95%.

Who are Equinor ASA's major shareholders?

Top institutional shareholders of Equinor ASA include FMR LLC (0.51%), Wellington Management Group LLP (0.13%), Cambiar Investors LLC (0.02%) and Sarasin & Partners LLP (0.02%).

How do I buy shares of Equinor ASA?

Shares of EQNR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Equinor ASA own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Equinor ASA investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), CrowdStrike (CRWD), Palo Alto Networks (PANW) and Adobe (ADBE).

Company Calendar

• Ex-Dividend for 8/28 Dividend: 8/19/2024
• Dividend Payable: 8/28/2024
• Last Earnings: 10/24/2024
• Ex-Dividend for 11/29 Dividend: 11/19/2024
• Today: 11/23/2024
• Dividend Payable: 11/29/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/05/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Petroleum refining
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:EQNR
• CUSIP: N/A
• CIK: 1140625
• Web: www.equinor.com
• Phone: (475) 199-0000
• Fax: 011-47-5199-0050
• Employees: 23,000
• Year Founded: 1972

Price Target and Rating

• Average Stock Price Target: $26.90
• High Stock Price Target: $28.00
• Low Stock Price Target: $25.80
• Potential Upside/Downside: +9.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.26
• Trailing P/E Ratio: 7.57
• Forward P/E Ratio: 7.45
• P/E Growth: 5.41
• Net Income: $11.89 billion
• Net Margins: 8.95%
• Pretax Margin: 30.56%
• Return on Equity: 19.97%
• Return on Assets: 6.78%

Debt

• Debt-to-Equity Ratio: 0.51
• Current Ratio: 1.48
• Quick Ratio: 1.38

Sales & Book Value

• Annual Sales: $107.17 billion
• Price / Sales: 0.64
• Cash Flow: $7.07 per share
• Price / Cash Flow: 3.49
• Book Value: $15.89 per share
• Price / Book: 1.55

Miscellaneous

• Outstanding Shares: 2,792,780,000
• Free Float: 2,792,502,000
• Market Cap: $68.88 billion
• Optionable: Optionable
• Beta: 0.84